SPDR S&P Metals & Mining ETF $XME is Legend Financial Advisors Inc.’s 5th Largest Position

Legend Financial Advisors Inc. lowered its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,994 shares of the exchange traded fund’s stock after selling 15,211 shares during the quarter. SPDR S&P Metals & Mining ETF accounts for about 6.2% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 5th largest position. Legend Financial Advisors Inc. owned approximately 0.33% of SPDR S&P Metals & Mining ETF worth $10,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Wealth Management LLC lifted its stake in shares of SPDR S&P Metals & Mining ETF by 177.0% during the 3rd quarter. Meridian Wealth Management LLC now owns 28,729 shares of the exchange traded fund’s stock valued at $2,677,000 after buying an additional 18,359 shares in the last quarter. Fortem Financial Group LLC raised its holdings in SPDR S&P Metals & Mining ETF by 1.8% during the third quarter. Fortem Financial Group LLC now owns 106,949 shares of the exchange traded fund’s stock valued at $9,967,000 after acquiring an additional 1,909 shares during the period. Berman McAleer LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at about $629,000. Truist Financial Corp purchased a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at about $338,000. Finally, Belpointe Asset Management LLC bought a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter worth about $403,000. 86.55% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Trading Down 0.1%

NYSEARCA:XME opened at $118.62 on Tuesday. The stock has a 50-day moving average price of $110.43 and a 200 day moving average price of $96.10. The stock has a market capitalization of $4.46 billion, a P/E ratio of 21.07 and a beta of 1.28. SPDR S&P Metals & Mining ETF has a 12-month low of $45.89 and a 12-month high of $135.68.

SPDR S&P Metals & Mining ETF Profile